Jaiprakash Associates defaults on 40590 million loans

Smartworld Awards Rs 5.32 Billion Contract to Varindera Constructions

Smartworld, one of the fastest growing real estate players in Gurugram, has committed contracts worth approximately Rs 14 billion for its various projects in just six months.For its upcoming iconic project, Smartworld Sky Arc, the company has awarded the construction mandate to Varindera Constructions Limited for Rs 5.32 billion. The project spans 6.9 acre and includes over 900 units in its first phase. Smartworld's total investment in the development of Sky Arc is approximately Rs 17 billion.The company was in the news recently when they awarded Ahluwalia Contracts (India), the mandate for Sm..

Mitsubishi Electric eyes CAPEX investment in India’s CNC market

Mitsubishi Electric is looking to invest in CAPEX in India. Masaya Takeda, General Manager of CNC Systems, noted that the division has tripled its business growth since 2019 and has subsequently made strong investments in India. However, he denied disclosing any details of investment.The machine tools industry in India is growing at an annual rate of 20 per cent, with the CNC market expanding significantly, particularly post-Covid.While automotive manufacturing remains a key growth driver, Takeda expects a steady increase in demand across industries such as general engineering, automotive, and..

Essentia Home Opens Second Delhi Store

After the overwhelming success of its flagship store in Gurugram, Essentia Home is set to make a striking debut in New Delhi. Founders Hardesh and Monica Chawla, the creative visionaries behind Essentia Environments, proudly unveil their second store on MG Road in the Delhi Design District. A seamless extension of their 25-year journey in redefining luxury interiors, this new space offers a curated experience of contemporary living infused with a global sensibility – all crafted in India.Spearheading this new chapter is Hridik Chawla, who leads the Essentia Home Experience Center with a comm..